A license is a mere permission to make, use, or sell the patented or secret process. In effect, it is a waiver of the owner's right to sue for infringement. Accordingly, a licensee does not acquire legal title to the patent right or process. An exclusive license gives the licensee the right to use the patent or process free from any infringement suit, and the right to exclude all others. A nonexclusive license grants a privilege of protection from infringement claims by the owner of the patent or process.
.A Wisconsin Non-Exclusive License Agreement for Exploitation of a Secret Process is a legal document that grants permission to one party (the licensee) to use and exploit a secret process owned by another party (the licensor). This agreement allows the licensee to access and utilize the secret process for their own benefit, while still keeping it confidential. Keywords: Wisconsin, non-exclusive license agreement, exploitation, secret process, legal document, permission, licensee, licensor, access, utilize, confidential. Types of Wisconsin Non-Exclusive License Agreement for Exploitation of a Secret Process: 1. Patent Licensing Agreement: This type of agreement focuses on licensing patented secret processes. It allows the licensee to use and exploit the patented process while ensuring the licensor retains ownership and control. 2. Trade Secret Licensing Agreement: This agreement specifically deals with licensing trade secrets or proprietary information. The licensor grants the licensee the right to use the trade secret while maintaining its secrecy and preventing unauthorized disclosure. 3. Exclusive License Agreement: While non-exclusive agreements allow multiple licensees to exploit the secret process, exclusive license agreements grant the licensee exclusive rights to use and exploit the process. Only the holder of an exclusive license can exploit the secret process during the contract period. 4. Non-Competition Agreement: In some cases, a non-competition agreement may be included in the license agreement. This prevents the licensee from engaging in activities that compete with the licensor's business, using the licensed secret process to undermine the licensor's market position. 5. Royalty Agreement: A royalty agreement establishes the payment terms for the licensee's use of the secret process. Royalties are typically calculated as a percentage of the licensee's revenue or as a fixed amount per unit sold. 6. Term Agreement: A term agreement determines the duration of the license, specifying the start and end dates. This timeframe ensures that the licensor maintains control over the secret process and allows for renegotiation or termination at the end of the term. In summary, a Wisconsin Non-Exclusive License Agreement for Exploitation of a Secret Process is a legal document that grants permission to use and exploit a secret process while maintaining confidentiality. It can be tailored to different types of secret processes and may include additional agreements such as non-competition, royalty, or term agreements.
